微观经济学教学课件：Ch14-Regulation and Antitrust Law.pptVIP

After studying this chapter you will be able to Explain the economic theory of government and how government activity arises from market failure and redistribution Define regulation and antitrust law and distinguish between the social interest and capture theories of regulation Explain how regulation and deregulation affect prices, outputs, profits, and the distribution of the gains from trade Describe the antitrust laws and review three of today’s antitrust policy debates Social Interest or Special Interests? Natural monopoly is regulated. But does regulation work in the interest of all—the s